TYLERTOWN — City officials put their 2017-18 budget in place and cemented the tax rate for the next fiscal year Tuesday night.
Taxes for the next year will be 49.25 mills, an increase of 3.25 mills that should raise taxes on a $100,000 home about $32.50 per year.
As explained at a budget workshop earlier in the month, the increased funding will mainly cover the cost of increased salaries and benefits for employes. The actual increase is less than the 4 mills estimated at the workshop.
The tax effort is expected to bring in $636,168. The town also expects $35,000 in licenses and permits, $461,000 from state sources, $18,000 from the county, $5,000 in parks and recreation revenue, $37,500 from Southwest Events Center user fees and $100,000 from other sources.
With cash and investments of $807,116, total general fund revenue is expected to be $2,099,784.
General fund expenditures include $465,483 in administration, $538,459 in police, $118,135 in fire department, $359,197 in streets, $77,916 in maintenance, $146,044 in grounds and buildings, $74,475 in park and recreation, $71,100 for the Southwest Events Center and $248,975 for other purposes.
Revenues and expenses for the sanitation fund are budgeted at $330,779, and for the water and sewer funds are budgeted at $411,480.
No one spoke against the budget nor the millage.
Also Tuesday, the board accepted bids to purchase a garbage truck and a street sweeper.
A bid by Burroughs of Laurel on the garbage truck was disallowed because the vehicle bid did not meet bid specifications,
McComb Diesel, the only other bidder, won the purchase with a bid of $144,314, about $500 more than the Burroughs bid.
Ingram Equipment was the only bidder on providing the street sweeper, for $91,728.
The town will lease-purchase both vehicles through financing from BancorpSouth.
